THANE: The city planners have approved a sweeping set of parking-use and construction rules that could change the face of Thane. The civic general body on Thursday passed without an iota of discussion sweeping changes to underground parking rules, guidelines governing permissions for temporary construction, offering of transferable development rights (TDR) for green zone, removing cap on loading of TDR, and finally removing restriction on internal changes allowed in a flat.

MUMBAI: The sudden rise in the TDR price has taken the market unawares, despite the fact that such a rise was likely because not much of TDR generation was taking place. Effectively, TDR prices have now doubled, and such a steep rise was not expected. The current price of TDR is now around INR 4000 per sq ft.